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Shopping with Euro in UK by Thanos KalamidasOne of the places I visited these last few weeks I was away it was London and the first thing that impressed me after nearly eight years I hadn’t been in the capital of the United Kingdom was …how cheap everything is. A few hours later

Stand for Europe by Thanos KalamidasThe world has definitely changed after 9-11 and it is not only the terrorist attacks that changed it but the economic problems that suddenly proved that they were much deeper than what we could see at the time. I think at the same time everything

Stay Calm, Buy Smart by Edna NelsonHave you ever considered that maybe this economic recession is the best thing that ever happened to us? The past decade has been all about spending, lending, production and self satiation with material goods. We have seen huge cars, private jets,

The tombstone of Davos by Thanos KalamidasGerman Chancellor Ms. Angela Merkel, in a speech to the World Economic Forum in Davos, Switzerland, proposed a very …unique idea, the creation of a UN Economic Council similar to the UN Security Council! And I have to admit that I found the

The Offspring of the Mighty King Cons by Leah SellersPoor Bernie Madoff. A Mighty King Con finds himself caged. However, since he is a Mighty King Con, he is caged in the ‘lap of luxury’. That’s what happens to white collar criminals in America, and throughout the rest of the World

Universal Responsibility in a Matrixed Economic World by Linda LaneI am concerned that Obama and his staff are not aware enough of the danger and that his planned policies do not go far enough. Reading up on America's depression era New Deal of the 1930's and the times leading up to it are remarkably l

2008 Event of the Year: The Financial Crisis by Thanos KalamidasEvery year since Ovi magazine became daily we have chosen either a persona or event of the year, but this year it took us a bit more to decide. Yes, we took in to consideration the comments and yes we read the mails and we did talk about it betwee

Poke 'Em With a Stick (Behavior Modification Plan) by Leah SellersOne Mighty King Con Elitist Winks at another Global Mighty King Con Elitist, “That’s right, I said, Poke ‘Em With a Stick! Show Them critters whose Boss! Get Those varmints movin’ - stampedin’ - to the left, to the ri

Credit cards and the banking problems by Thanos KalamidasI’m one of these old-fashioned people who has a credit card in a draw to only use in a case of emergency and that doesn’t include books or DVDs! And of course I have learned my lesson something like twenty years ago when I had a very g

G20 and the European leaders by Thanos KalamidasThe G20 summit was nothing more than George W. Bush’s goodbye to the international political scene and his final effort to leave something - it doesn’t matter how small - good behind him, but only looking at the guest list of the

De-Regulation's Conflagration! by Leah SellersThe De-Regulatory modality’s Wild Fire has left Everyone frantically scurrying and hurrying for a “quick fix”. Hasty “band-aid fixes” are part of what got Us (Human Beings) into Our present Global Economic Crisis in t

The Working Class Foreclosure Blues by Leah SellersI am one of the many Working Class Folks left moaning the Foreclosure Blues. One of the many Working Class Folks blamed for the Housing Financial Crisis in America. A few years ago I was a teacher with an excellent credit rating and no outstanding

The Marauding King Cons Are Chest Thumping! by Leah SellersYes, pounding Their puffed-up, over inflated, hairy, little chests with vain glory. The Global Financial Shell Game seduced, cajoled and suckered Us All. It worked! Selling one Loan at a profit to another Humanity-Eating Lender - another voracious

Financial questions and parasites by Thanos KalamidasOver the last few days I keep reading about the necessity of a radical banking reform and I still don’t understand how they are going to manage that by funding the private banks so they can continue giving loans. The usual arguments are that

Evening thoughts by Thanos KalamidasBrowsing the news lately has one and only result, feeling sick of watching the disappointment and pessimism. But then you start wondering if my pessimism is a result of the style the media transfer the information or the information itself. Aft

British European policy in recession by Newropeans-MagazineIn those policy areas where the current British government has made an effort to engage openly and constructively with the EU, it has tended to rely on ideologies capable of outweighing popular eursoscepticism. Yet the s

777 - Turbo-Capitalism's Failure by Luis AlvesMarkets have inefficiencies, because of their inability to correct the negative externalities of industrial outputs (production) and industrial inputs (depletion of non-renewable resources). Failure to calculate the costs to nonparticipants in tra

The tunnel and the light by Thanos KalamidasIt was amazing to read that the German chancellor decided that the German government will guarantee people’s savings hoping that the rest of the European governments will follow. I don’t know if all of them can guarantee 100% of the in

A call for my investment by Thanos KalamidasSo what really happened with the American economy? Is Marx proved right nearly twenty years after the fall of the Soviet Union and Leninism? Over-consuming and over-productivity are going to be the nemesis of the system that won the war or is Bush

HOGWASH!! by Leah SellersA little of Fannie Mae this - and Freddie Mac that - and the Auto Industries needing an Overhauling and Modernizing at Someone else’s expense here - and the Banking Industries Holdings and Interests here, there and everywhere. And well paid

Wag the Dog by Jack WellmanThe Bull has been running...only it’s been in the wrong direction. The federal government has been buying up “hundreds of billions of dollars of illiquid mortgage assets at a deep discount from banks”1. The financial markets h

A Knight on a Gray Horse by Gush ShalomOH DEAR, what has happened to the knight on the white horse?This week, many of Barack Obama's admirers were shocked. Up to now, it had been believed that the huge sums of money flowing into the coffers of his campaign c

A letter to a failed EU by Thanos KalamidasDear Mr. President of the European Union, dear Mr. and Mrs. Commissioners and dear Mr. and Mrs. National representatives of the 27 nations in the European Parliament, I know you have been really busy with the relationship between the EU and Russia

A King's 60th Birthday by Tony Butcher30th March: 90th day of the year, end of the first quarter, British Summer Time begins and it is the end of the financial year. It's the perfect time to celebrate an Economist's birthday.As Mervyn King blows out the ca

No to Game 39 by Asa Butcher Over the last few decades, football has been threatened with any number of outlandish commercial ideas ranging from the introduction of American Football style time outs to playing on AstroTurf, but the latest idea - if

Return to basics by Thanos KalamidasOver the last few days I’ve read twice about financial problems in the Hillary Clinton front while Barack Obama enriches his funds with more millions of dollars and that's only from the Democrat’s side because on the Republican

The Queen of Hearts 2008 by Caisa On 14 February 2008, Helsinki's International Cultural Centre CAISA will come alive with music, exotic foods, fashion and beauty as Finland’s most outstanding international women t

The Overcoat Business by Jan SandThere is an old story about two guys living on the edge of poverty. Whenever one was in deep financial problems he sold his overcoat to the other, thus tiding himself over a very bad spot. There was only one overcoat and it went through time being

Poker, virtual reality and international stock markets by Thanos KalamidasI have never been a gambler myself and, as it may have been obvious from former articles, when it comes to playing I'd rather have a good game of chess, Scrabble or even rummy, than poker, for example. However, it seems that over the last few

Borrowing Tomorrow by Jack WellmanWhat kind of nation relies on debtedness more than the United States? With China financing a war in the Middle East and the U.S. sliding ever further down the bottomless pit of possible repayment, now its own citizens are following suit. In the U.

The Season of Giving by Jack Wellman For the world in general, the Christmas season or Holiday season, is the most giving time of the year. For corporations, it is no doubt the same thing. Tax write offs, as a way of reducing a company’s tax, is more

I want your... Euros by Thanos KalamidasWhat does it mean when a fashion model refuses to be paid in US dollar but insists on being paid in Euros emphasizing that the US dollar is not a strong currency? To many probably nothing, but to bankers it raises a most likely huge, gigantic ques

When the Rich Make Too Much Money by Newropeans-MagazineAmerican Voice in Europe - Sam Pizzigati has recently reported on the content of "Foreign Policy", claimed to be "the world's most prestigious global affairs journal" (1). In keeping with its objectives, Foreign Policy h

Burning rubber by Tony ButcherWhat a massive policy change professional economists can make in two months. These highly paid individuals employed by the biggest names in the corporate banking sector have switched instantly into reverse gear over the past 60 days as the wheels

Looking to buy a house in Finland? by Richard Berman What should I do to get a mortgage? What are the options? What are my basic rights when buying a house? How can I start saving now towards buying a house? What is a "korkokatto"? How much deposit do I need?

Money in a rich man's world by Richard BermanEverywhere I look they are trying to push me and others to get a loan, apply for a credit card or buy now pay next year, but do we really need loans?Ok, so many people get a loan to buy a house, this is normal because without

One more and done by Tony Butcher There was no surprise from either the European Central Bank or the UK's Monetary Policy Committee on Thursday as both fulfilled market expectations. Jean-Claude Trichet, Head of the ECB, presided over a quarter-p

Woman Power by Amin George Forji Forbes Magazine has released its 2006 list of the world’s most powerful women. The results put Germany's first female Cha

Markets on solid ground by Tony ButcherThe more Europe changes the more the markets stay the same. London suffered a dramatic tragedy on July 7th, when bombers targeted Underground Subway stations with precision timed blasts, which caused over 50 deaths and hundreds of casualties. The